Property News - 28 April 2016

FROM THE EDITOR

With the last two increases in interest rates, and costs of food, fuel and electricity rising, many households will be feeling the pinch and it’s time to assess what can be done to help you through any financially difficult months. Anne Porter, head of Knight Frank Residential, says that your home is your most important asset and in tough financial times priority should be given to paying your mortgage bond instalments. Read more in Keep up with bond repayments

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever. Local real estate agency Devler Estates trading as Chas Everitt in the False Bay and Southern Suburbs is the first real estate company in South Africa to announce that it will accept payments in the digital currency Bitcoin as from 1st June 2016. Read more in Cape Town Agency the First Real Estate Business to Accept Bitcoin

Michael Bauer, general manager of the property management company IHFM, shares some good advice with us in Sectional title owners must stick to the rules when renovating units

Enjoy!
The editor

Property of the Week

In the News this week

Where Millionaires Live In South Africa: Changing To Small Cities

Paarl, Franschoek and Stellenbosch along South Africa’s Wine Route were the fastest growing areas for South Africa millionaires, with numbers rising by 38 percent from 2007 to 2015, according to New data published by advisory firm New World Wealth, BusinessTech reported...

Mall of Africa to open its doors to array of local and global tenants

Listed property group Attacq opens the R5bn 130,000m² Mall of Africa on Thursday, hoping to serve an insatiable demand by South Africans for shopping centres...

Keep up with bond repayments

Your home is your most important asset and in tough financial times priority should be given to paying your mortgage bond instalments, says Anne Porter, head of Knight Frank Residential...

Cape Town Agency the First Real Estate Business to Accept Bitcoin

Local real estate agency Devler Estates trading as Chas Everitt in the False Bay and Southern Suburbs is the first real estate company in South Africa to announce that it will accept payments in the digital currency Bitcoin as from 1st June 2016...

Sectional title owners must stick to the rules when renovating units

Buying a home on auction can be an alternative way of becoming a home owner. However, these properties need thorough inspection and a good understanding of the risks and costs prior to bidding as well as the responsibilities when a bid is accepted...

Low levies in ST schemes not good

When buyers are looking to purchase a unit in a sectional title scheme, one of the first questions they will ask is, “What will the levy payment be each month?”.

How does 'Huur Gaat Voor Koop' work?

Real estate investors who decide to sell a residential property where there is still a tenant in residence need to be aware of the “huur gaat voor koop” rule in SA law...

Like us on

Follow us on

Search For Properties by area

Focus on Pretoria East, Gauteng

Pretoria East has become very popular for young and upcoming professionals and young families because of its excellent central position, and now that there is very little land left to develop, property values are sure to rise...

Broadacres leads the new, denser residential wave

The up-and-coming northern suburb of Broadacres is the definitive new face of the Johannesburg property landscape, where densification is the order of the day to accommodate the city’s growing population...

Kyalami: Cashmere and convenience

Highly sought-after among first-time homebuyers because of its convenient location between Pretoria and Johannesburg – and particularly so since the inception of the Gautrain a few years ago – Midrand now also boasts a large contingent of older property owners with families and higher incomes...

"This is not advice. Clients should not act solely
on the basis of the material contained in this newsletter. Items herein
are general comments only and do not convey advice per se. Also changes
in legislation may occur quickly. We therefore recommend that formal advice
be sought before acting in any of these areas."